Latin America

Latin America
Friday, June 5th 2009 - 08:09 UTC

Short of dollars, Venezuela tightens currency exchange controls

Venezuela tightened currency-exchange controls this week cutting in half the amount of dollars that residents may obtain through the government to send to relatives abroad according to Official Gazette.

Friday, June 5th 2009 - 05:29 UTC

US not contemplating the end of the embargo on Cuba

White House official Dan Restrepo praised the consensus reached in Honduras.

The United States government said it was satisfied with the resolution which revoked OAS sanctions on Cuba, but warned that it’s “not contemplating” for the moment talking about an end on the half century embargo on the Havana regime.

Friday, June 5th 2009 - 05:05 UTC

OAS decision a “great victory”, but Cuba will not return

Ricardo Alarcón: OAS during decades “betrayed” Cuba

Cuban National Assembly president Ricardo Alarcón said on Thursday that the decision of the Organization of American States (OAS) to lift Cuba's exclusion is a “great victory” for Latinamerica and the island, although he reiterated that the Castro regime will not return to the institution.

Thursday, June 4th 2009 - 15:50 UTC

Six Chilean Business Schools among the best of Latinamerica

Universidad Católica jumped two spots and leads the ranking in Chile

A newly released yearly ranking of the best business schools in Latinamerica conducted by América Economia Intelligence placed six Chilean Universities among the top 20.

Thursday, June 4th 2009 - 15:27 UTC

Resources short Cuba cuts power to wasteful companies

The full impact of the global crisis on tourism and commodities exports has left Cuba short of strong currency.

Hundreds of Cuban entities and state-run companies were sanctioned when a drastic government plan to save energy entered into force, according to reports in the official media.

Thursday, June 4th 2009 - 15:15 UTC

GM Latinamerica one of the most profitable, and with plenty of credit

CEO Ardila is most enthusiastic about the Brazilian auto market.

General Motors operations in Latinamerica, Africa and the Middle East remain as strong as ever in spite GM Corp. filed in the US for bankruptcy protection this week, a top official from the company said.

Thursday, June 4th 2009 - 15:07 UTC

Buffaloes introduced in Cuba have become a threat for crops

Cuban authorities believed the aggressive buffalo has advantages over common cattle.

A herd of wild buffalo has become a nightmare for peasants in the western Cuban province of Pinar del Rio because the beasts are invading and devouring their crops of tobacco and vegetables, reports the Communist Party daily Granma.

Thursday, June 4th 2009 - 07:15 UTC

OAS agrees to let Cuba back in, but initiative rests on Havana

“The Cold War is over”, said Honduran President Manuel Zelaya. A more reflective Celso Amorim from Brazil said OAS decision shows “common sense is still alive”.

The Organization of American States, OAS, lifted its 47-year suspension of Cuba on Wednesday following a consensus agreement which contemplated Washington’s position and those of the Havana regime supporters who wanted a return with no conditions.

Wednesday, June 3rd 2009 - 10:14 UTC

OAS summit debates five proposals on the Cuban issue

After one day of negotiations, Secretary of State left Honduras for Egypt to join President Obama’s Middle East tour.

United States Secretary of State Hillary Clinton says no consensus has been reached on re-admitting Cuba to the Organization of American States, which suspended the country in 1962 in response to its alliance with the Soviet block in the midst of the Cold War.

Wednesday, June 3rd 2009 - 08:40 UTC

April unemployment in the EU soars to 21 million, says Eurostat

The number of people without jobs is rising across the European Union and has reached 21 million. The EU statistics office, Eurostat, said Tuesday the unemployment rate for the 16 Euro countries soared to 9.2% in April, the highest in a decade.

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